Office Furniture Trends and Forecast
The future of the global office furniture market looks promising with opportunities in the home center, flagship store, specialty store, and online store markets. The global office furniture market is expected to reach an estimated $102.3 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising construction of residences, offices, and commercial complexes, rapid rise in e-commerce, and rising disposable income.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Office Furniture by Segment
The study includes a forecast for the global office furniture by type, distribution channel, and region.
Office Furniture Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Seating
• Tables
• Storage
• Desks
• Others
Office Furniture Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Home Centers
• Flagship Stores
• Specialty Stores
• Online Stores
• Others
Office Furniture Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Office Furniture Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies office furniture companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the office furniture companies profiled in this report include-
• Okamura Corporation
• HNI Corporation
• Herman Mille
• Haworth
• Global Furniture Group
• Steelcase
• Knoll
• Kimball International
• 9to5 Seating
• KOKUYO
Office Furniture Market Insights
Lucintel forecasts that seating is expected to witness the highest growth over the forecast period.
Within this market, home centers is expected to witness the highest growth.
APAC is expected to witness highest growth over the forecast period due to growing number of start-ups and business expansions.
Features of the Global Office Furniture Market
Market Size Estimates: Office furniture market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Office furniture market size by type, distribution channel, and region in terms of value ($B).
Regional Analysis: Office furniture market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, distribution channel, and regions for the office furniture market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the office furniture market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the office furniture market size?
Answer: The global office furniture market is expected to reach an estimated $102.3 billion by 2030.
Q2. What is the growth forecast for office furniture market?
Answer: The global office furniture market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the office furniture market?
Answer: The major drivers for this market are rising construction of residences, offices, and commercial complexes, rapid rise in e-commerce and rising disposable income.
Q4. What are the major segments for office furniture market?
Answer: The future of the office furniture market looks promising with opportunities in the home center, flagship store, specialty store, and online store markets.
Q5. Who are the key office furniture market companies?
Answer: Some of the key office furniture companies are as follows:
• Okamura Corporation
• HNI Corporation
• Herman Mille
• Haworth
• Global Furniture Group
• Steelcase
• Knoll
• Kimball International
• 9to5 Seating
• KOKUYO
Q6. Which office furniture market segment will be the largest in future?
Answer: Lucintel forecasts that seating is expected to witness the highest growth over the forecast period.
Q7. In office furniture market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing number of start-ups and business expansions.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the office furniture market by type (seating, tables, storage, desks, and others), distribution channel (home centers, flagship stores, specialty stores, online stores, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Office Furniture Market, Office Furniture Market Size, Office Furniture Market Growth, Office Furniture Market Analysis, Office Furniture Market Report, Office Furniture Market Share, Office Furniture Market Trends, Office Furniture Market Forecast, Office Furniture Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.